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Archiv für die Kategorie ‘German Tax Law’
Double Sales Tax on Imports of Goods into the EU
All companies that import goods into the EU, and especially into Germany, have to pay the corresponding import duties. These duties are composed of the customs duty and the import sales tax. While, depending on the goods’ origin, the rate of […]
Cryptocurrencies: Federal Ministry of Finance confirms VAT exemption
The last few days and weeks have seen a lot of uncertainty among companies trading in cryptocurrencies. According to a media report, the Bonn tax office had refused to grant VAT exemptions for transactions in Bitcoin as they considered Bitcoin to […]
Travelers Carrying More Than EUR 10,000 in Cash Have to Declare the Money Even in a Transit Country
The European Court of Justice (ECJ) has decided: An obligation to declare any cash amounts of EUR 10,000 or more even applies to transit flights via an EU member state. This means that air travelers must declare cash even if they stay […]
Permanent Establishments in Germany
There are several possibilities to do business in Germany. Either one forms a German company that takes care of the domestic business. Alternatively, foreign businesses can operate through so-called permanent establishments in Germany. Do I have a permanent German establishment? A […]
Cryptocurrencies: How Will Mining be Taxed in Germany?
Cryptocurrencies are not only attractive for investors and speculators. Apart from the purchase and sale of Bitcoin, creating their own cryptocurrency through mining is profitable for many entrepreneurs. In this context, numerous tax and accounting questions occur. Basically, mining cryptocurrencies at […]
German Customs Investigators Target Foreign eBay Sellers
In a globalized market, an increasing number of transactions are cross-border deals. As an international trading platform, eBay enables its sellers to make deals with customers outside the country, where they operate their shop, and also to deliver their products to […]
German Tax Law: Tax Numbers That Every Entrepreneur Should Know
Doing business in Germany can be challenging with regard to compliance with laws and regulations. Challenges often arise concerning the different ID numbers that entrepreneurs require from the German tax authorities. Therefore, we would like to give a short overview over the […]
Refund of German VAT: Retroactive Correction of Invoices
Under German tax law, value added tax on services received is refunded to companies. The prerequisite for a refund is that the invoice submitted is formally correct. As German VAT tax law places high requirements on invoices, however, suppliers frequently fall […]
Imports into the EU through Inward Processing
Since May 2016, the new Union Customs Code (UCC) has become the binding customs legislation in the European Union. In the course of the change in the legal situation, the customs administration will review by end-2019 authorizations granted to companies up […]
German shops required to act: Electronic cash registers need retrofitting
For companies working with cash registers there will be a major novelty as of 01/01/2017: All electronic cash registers need to be retrofitted or exchanged. In the future, every business transaction required to be registered has to be recorded by the cash […]